EAST ANGLIA ROLLING STOCK (EIB-20150680)

Countries
  • United Kingdom
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 8, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Department for Transport
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 258.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 237.00 million
Converted using 2016-10-08 exchange rate.
Project Cost (USD)
$ 1,001.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 917.00 million
Converted using 2016-10-08 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 20, 2018

Disclosed by Bank Jul 29, 2016


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Project Description

This project will finance new rolling stock for the East Anglia train franchise in the United Kingdom. The UK Department for Transport is currently procuring a new train operating company, which will be responsible for procuring new rolling stock to meet the output requirements of the franchise. Rolling stock financiers are bidding to the TOCs to supply the trains on a leased basis. This operation is specific to those offering limited-recourse project finance solutions.

The project consists of supply of up to 378 vehicles which will be a mix of Electrical Multiple Units and Bi-Mode Multiple Unit combining electrical and diesel traction equipment to be operated on intercity, regional and commuter railway services in East England under the East Anglia passenger railway services franchise let by Department for Transport for replacement of the existing life-expired trainsets.

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

*No project contacts available at the time of disclosure.*

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